Press release
Injectable Drug Delivery Market to Hit USD 1631.3 Billion by 2030, Driven by 11.3% CAGR Growth
Injectable Drug delivery Market
The global injectable drug delivery market is on a trajectory of significant expansion, driven by advancements in biologics, increasing prevalence of chronic diseases, and the demand for efficient drug administration methods. Valued at USD 772.9 billion in 2023, the market is projected to reach USD 1,631.3 billion by 2030, reflecting a compound annual growth rate (CAGR) of 11.3% during the forecast period.
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✦ Vietnam: Opportunities in Injectable Drug Delivery
Vietnam's healthcare sector is experiencing rapid development, presenting substantial opportunities for the injectable drug delivery market. The government's initiatives to enhance healthcare infrastructure and the increasing burden of chronic diseases are driving the demand for advanced drug delivery systems. Collaborations with international pharmaceutical companies could further facilitate the introduction of innovative injectable therapies in the region.
Thailand: Trends in Injectable Therapeutics
Thailand's robust medical tourism industry and well-established healthcare services contribute to the growing adoption of injectable therapeutics. The country's focus on becoming a regional medical hub has led to increased availability of advanced treatments. Strategic partnerships between local healthcare providers and global pharmaceutical firms are facilitating the introduction of new injectable drug delivery systems to the Thai market.
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Japan: Growth in Injectable Drug Delivery Systems
Japan, with its advanced healthcare system and strong pharmaceutical industry, is witnessing significant growth in injectable drug delivery systems. The country's emphasis on research and development has led to the introduction of novel injectable therapies, catering to the specific needs of the Japanese population. Collaborations between domestic and international companies are further propelling the market forward.
South Korea: Consolidation in the Injectable Drugs Sector
South Korea's injectable drugs market is experiencing consolidation, marked by strategic mergers and acquisitions aimed at enhancing product portfolios and expanding market reach. The government's support for biopharmaceutical innovation and the presence of leading biotech firms contribute to a dynamic market environment.
Singapore: Opportunities and Updates in Injectable Treatments
Singapore's strategic location and status as a biomedical hub present substantial opportunities for the injectable drug delivery market. The nation's commitment to healthcare excellence and research innovation attracts multinational pharmaceutical companies to establish regional headquarters and research facilities, facilitating the availability of cutting-edge injectable therapies.
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United States: Trends and Mergers in the Injectable Drugs Industry
The United States remains a significant player in the injectable drug delivery market, driven by ongoing research, high healthcare expenditure, and a substantial patient population. In June 2024, Hikma Pharmaceuticals announced plans to acquire assets from Xellia Pharmaceuticals for up to $185 million, aiming to bolster its injectables portfolio and enhance manufacturing and research capacities. The deal includes eight approved injectable products, a manufacturing site in Cleveland, Ohio, and a research-and-development center in Zagreb, Croatia.
Europe: Growth and Key Developments in the Injectable Drug Delivery Market
Europe's injectable drug delivery market is expanding, driven by the increasing prevalence of chronic diseases and advancements in treatment options. The region's emphasis on healthcare accessibility and innovation has led to the approval and adoption of new therapies. Recent developments, including mergers and acquisitions among key players, are enhancing the competitive landscape and fostering market growth.
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✦ Key Recent Developments in the Injectable Drug Delivery Market
June 2024: Hikma Pharmaceuticals announced plans to acquire assets from Xellia Pharmaceuticals for up to $185 million, aiming to bolster its injectables portfolio and enhance manufacturing and research capacities.
✦ Injectable Drug Delivery Market Segmentation:
by Type
Formulation
Conventional Drug Delivery
Suspensions
Solutions
Lyophilized Formulations
Emulsions
Novel Drug Delivery
Long Acting Injection Formulation
Microparticles
Colloidal Dispersions
Others
Devices
Self-Injection Devices
Needle-Free Injectors (NFI)
Wearable Injectors
Pen Injectors
Auto-Injectors
Others
Conventional Injection Devices
Prefilled Syringes
Fillable Syringes
Others
by Applications
Autoimmune Diseases
Oncology Disorders
Hormonal Disorders
Orphan Diseases
Others
by End user
Home Care
Hospital
Ambulatory Care
Physician Offices or Clinics
Others
✦ Injectable Drug Delivery Market Key Players :
1. Baxter International, Inc.,
2. Becton Dickinson and Company,
3. Gerresheimer AG,
4. Pfizer, Inc.,
5. Schott AG,
6. Alkermes Plc.,
7. Eli Lilly and Company,
8. Sandoz,
9. Terumo Corporation,
10. Teva Pharmaceuticals Industries Ltd.
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